Preparing for Your Annual Accounts

9. Feedback Meeting

Once the accounts are finished, a feedback meeting with your accountant can produce good ideas and advice on how business practices can be improved.

9.1 Can you improve your book-keeping system?

• Does it handle VAT quickly and easily, including VAT Returns?
• Is there a better way to record income and expenditure?

9.2 Should you introduce or upgrade accounting software?

9.3 Can you improve your credit control?

• What payment targets should you aim for?
• How can you cut exposure to bad debts?

9.4 Can you find ways of providing more timely and useful management information during the accounting year?

9.5 Can you reduce your tax bill?